# Which Of The Following Most Accurately Describes A Podcast? Exam 2 Chapter 7 Flashcards

of a community bulletin board c. ​A digital audio or video file d. ​A collaborative online working space e. ​A website to share information

Heather deposited \$1,700 at her local credit union in a savings account at the rate of 9.8% paid as simple interest. She will ea

brianowens.tv: \$3865.8

Explanation:

The formula to find the simple interest is given by :-

, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.

You are watching: Which of the following most accurately describes a podcast?

Given : P= \$1700 ; r= 9.8%=0.098 ; t=13 years

Then , the simple interest earned in 13 years will be :-

Now, the combined amount = P+I =\$1700+\$2165.8= \$3865.8

Hence, the credit union would owe Heather \$3865.8 in 13 years.

brianowens.tv: The correct brianowens.tv is ” (A) self-managed teams performing complex tasks “.

Explanation: In terms of team rewards and recognition, skill-based pay works well with self-managed teams performing complex tasks.

Because a self-managed team is a community of employees who are responsible and accountable for the aspects of producing a product or providing a service.

Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identifica

Complete Question:

Required information Laker Company reported the following January purchases and sales data for its only product.

Date Activities Units Acquired at Cost Units sold at Retail

Jan. 1 Beginning inventory 140 units \$6.00-\$ 840

Jan. 10 Sales 100 units at \$15

Jan. 20 Purchase 60 units \$5.00 300

Jan. 25 Sales 80 units at \$

Totals 380 \$1,950 180 units

Required The Company uses a periodic inventory system. Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.

brianowens.tv:

Cost of goods sold = \$1,025

Ending inventory = \$925

Explanation:

a) Data and Calculations:

Units of goods available for sale for the period = 380

Units of goods sold during the period = 180

Units of goods in ending inventory = 200 (380 – 180)

b) Cost of goods sold = Cost of goods available for sale minus ending inventory

= \$1,950 – \$925

= \$1,025

c) Ending Inventory:

180 are from the January 30 purchase at \$4.50 = \$810

5 are from the January 20 purchase at \$5.00 = \$25

15 are from beginning inventory at \$6.00 = \$90

200 units Total cost of ending inventory = \$925

d) The cost of goods available for sale consists of the cost of goods sold and the cost of ending inventory. The cost of goods sold under the periodic inventory system is derived by first calculating the cost of ending inventory, which has specific identification. Then this ending inventory cost is deducted from the cost of goods available for sale for the period.

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